Extreme Art Studio Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Extreme Art Studio is an arts education franchise offering painting, drawing, and mixed-media classes for kids and adults. Franchisees run the studios, managing instructors, scheduling, and enrollment.
FranchiseVerdict summary · 2026
A Extreme Art Studio franchise requires a total initial investment of $119K – $362K, including a $45K franchise fee. The 2024 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2024 FDD issuance
Overview
- Investment
- $119K – $362K
- 43rd pct Home Services
- Avg gross sales
- N/A
- 0 outlets
- Royalty
- N/A
- Units
- 0
- 0th pct Home Services
- SBA charge-off
- N/A
Quick verdict · Home Services · color = vs category peers
Green = favorable by >10% vs Home Services avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $119K – $362K including a $45K franchise fee.
- RETURNSUNAUDITED financials (Exhibit D explicitly states no CPA audited these figures; there is no Independent Auditor's Report, so auditor_name is null). Entity: Extreme Art Studio Franchising. Balance Sheet as of June 30, 2024 (QuickBooks, accrual basis): Total Assets = Total Equity = $15,001.83 (single Wells Fargo checking account), Total Liabilities = $0; reconciles. Profit & Loss for January-June 2024: Total Income = $0 (Gross Profit $0.00); Net Operating Income = -$8,920.67 (expenses: curriculum materials $200.09 + legal fees $8,720.58); plus $0.75 interest income (Other Miscellaneous Income), giving Net Income = -$8,919.92. Only a single partial-year (6-month) statement is provided, so yr2/prior-year revenue is null. All figures in whole US dollars, rounded.
- RISKVerdict C (Average), verdict score 39/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Extreme Art Studio Franchising, LLC
- Parent company
- Lara Schinke-Olson, Inc. (LSO)
- CEO title
- Founder, Chief Creative Officer and Director
- Lara Olson
- Incorporated in
- MN
- HQ
- 7566 Market Place Drive, Eden Prairie, MN 55344
- Auditor
- Kezos & Dunlavy
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Overview
About
- CEO
- Lara Olson
- Headquarters
- MN
- Founded
- 2023
- FDD year
- 2024
- States available
- 0
Can you afford it, and what does the money buy?
Entry cost is about average for a home services franchise.
Source: FDD 2024 · Items 5–7
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $45K | $45K |
| Working capital (3–6 mo) | $9K | $15K |
| Equipment, build-out, other | $65K | $302K |
| Total initial investment | $119K | $362K |
Source: Extreme Art Studio 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $119K – $362K
- Middle of category vs category
- Liquid capital req'd
- $9K – $15K
- Top 40% of category vs category
- Franchise fee
- $45K – $45K
- Top 40% of category vs category
- Royalty
- Greater of 8% of Gross Sales or $500/month minimum royalty
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $400 |
| Transfer fee | $10K |
| Renewal fee | $10 |
| Inventory (initial) | $5K – $6K |
| Total fee load | 9.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Extreme Art Studio did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Extreme Art Studio unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
36%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
UNAUDITED financials (Exhibit D explicitly states no CPA audited these figures; there is no Independent Auditor's Report, so auditor_name is null). Entity: Extreme Art Studio Franchising. Balance Sheet as of June 30, 2024 (QuickBooks, accrual basis): Total Assets = Total Equity = $15,001.83 (single Wells Fargo checking account), Total Liabilities = $0; reconciles. Profit & Loss for January-June 2024: Total Income = $0 (Gross Profit $0.00); Net Operating Income = -$8,920.67 (expenses: curriculum materials $200.09 + legal fees $8,720.58); plus $0.75 interest income (Other Miscellaneous Income), giving Net Income = -$8,919.92. Only a single partial-year (6-month) statement is provided, so yr2/prior-year revenue is null. All figures in whole US dollars, rounded.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 9.0% (near the Home Services average).
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Home Services averages
How Extreme Art Studio Compares
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 0
- Opened
- 0
- Last reporting year
- Closed
- 0
- Company-owned
- 0
- Corporate units in the system
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
This is a pre-revenue or failed franchise system with zero operating units, undisclosed financials, franchisor going concern issues, and high upfront costs for an unproven art studio concept.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Kezos & Dunlavy
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 39 / 100 verdict
- 01MINORZero existing franchisee units with unknown growth trajectory indicates brand has never successfully scaled or is in early/failed launch stage
- 02HIGHGoing Concern status is FALSE, suggesting franchisor financial instability or viability concerns
- 03MEDNo average revenue or net income disclosure (missing Item 19) prevents ROI validation and suggests poor unit economics
- 04MINORMinimum royalty floor of $500/month ($6k annually) creates break-even pressure even in slow months
- 05MINOR10-year term locks franchisee into relationship with unproven franchisor with no track record
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 4 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Eden Prairie, Minnesota |
| Jury trial waiver | Yes |
| Governing law | State where the Extreme Art Studio Business is located |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 35 hrs
- On-the-job training
- 35 hrs
- Training location
- Minneapolis, Minnesota (corporate/designated training facility) or franchisee's Studio location or virtually
- Ongoing training
- Required
- Time to open
- 12 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval required
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Extreme Art Studio · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Extreme Art Studio franchise?
The total investment to open a Extreme Art Studio franchise ranges from $119K – $362K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Extreme Art Studio franchise owners earn?
Extreme Art Studio does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Extreme Art Studio FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Extreme Art Studio FDD and qualifies whose outlets they describe.
What is Extreme Art Studio's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Extreme Art Studio (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
Is Extreme Art Studio a good franchise to buy?
FranchiseVerdict rates Extreme Art Studio as a C-grade franchise with a verdict score of 39 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Extreme Art Studio, you can request corrections or provide updated information.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.